Trepp Inc.

The $350 million 1407 Broadway loan was the largest for an office asset to enter special serving in September

Office Shows Biggest Uptick in CMBS Special Servicing

The rate for this asset category just hit a peak that it hasn’t reached since 2017.

Servicing, Defaults Dominate CREFC Discussion

The rapid increase in interest rates has left the commercial mortgage market to deal with fallout, said panelists at the CRE Finance Council’s Annual Conference in New York City.

Federal reserve building at Washington D.C. on a sunny day.

CRE Expects a Rate Hike Pause. Here’s What It Means. 

The Fed’s next move depends on economic data, experts say.

EY Plaza, Los Angeles

Brookfield LA Office Tower Goes to Receivership

Colliers has been tapped to lease and manage the downtown property.

Brookfield’s Defaults, Blackstone’s Earnings: Bellwethers for Delinquencies?

The uncertainty in the office sector has the market on guard.

Morning Calm Forms $500M JV to Finance Office Properties

An estimated $566 billion of debt maturities are coming due across the sector over the next five years.

Bergen Town Center

Urban Edge Lands $290M for New Jersey Mall

New York Life and MetLife are the co-lenders for the new mortgage.

skyscrapers

Office Owners Face Financing Dilemma

The pressures of rising interest rates and declining property values are making it a tall order for owners to get loans. What are the options?

Source: Trepp

2022 Special Servicing Rates

The Trepp CMBS Special Servicing Rate dropped three basis points in December to 5.17 percent.

Source: Trepp

2022 CMBS Delinquency Rates

The Trepp CMBS Delinquency Rate in December was 3.04 percent, an increase of five basis points from November.